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hi, please find below the answer...........
| Balance sheet | Income statement | ||||
| Prepaid insurance | Insurance Expenses | ||||
| Accrual basis | Cash basis | Accrual basis | Cash basis | ||
| Dec 31 2015 | 17250 | 0 | Dec 31 2015 | 3450 | 20700 |
| Dec 31 2016 | 10350 | 0 | Dec 31 2016 | 6900 | 0 |
| Dec 31 2017 | 3450 | 0 | Dec 31 2017 | 6900 | 0 |
| Dec 31 2018 | 0 | 0 | Dec 31 2018 | 3450 | 0 |
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